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The article talked about the serious inflation in Iran. The government condemned international sanctions linked to the nuclear program. In March the inflation rate reached 31.5%, but the real rate might be double of that. This article shows inflation is indeed very hard to control.

This article is very interesting because it shows another situation pertaining to subsidies that we have not discussed in a lot of depth, this being the removal or reduction of subsidies. This article also shows the clout that the International Monetary Fund holds, as well as the impact that subsides or lack thereof can have on the citizens of the country in which they are implemented. 

This article is a fairly recent article that talks about international trading. Particularly, it talks about a free trade agreement that will soon be finalised between countries that could potentially represent 1/3 of global output. This free trade agreements seeks to reduce barriers in some countries allowing for easier trade and aims to increase the share of knowledge between the countries, trying to make the knowledge similar to a perfect competition scenario. However this agreement may lead to the alienation of power-house China, a heavily influential country that had not been invited to join the agreement. this could have potential backfires such as trade embargos, but for now we will have to wait and see.

This article is an article raising awareness of negative externalities, however, it does have one example going on in Singapore that exemplifies negative externalities. They plan tear down a woodland to build an international school. The negative externality is due to tearing down trees. The example the writer gives is that the residents around the woodland will have to pay more money for A.C because of the rising temperatures due to less trees around them. 

This article talked about how an Iceland company Carbon Recycling International ehf, saw the rising demand and planned to increase output. It made the firm more efficient because recycling carbon reduced cost and saved resources. It also reflected the situation of perfect competition. Oil companies are price takers, they can't control the price of oil. And the product are homogeneous: oil form different company don't have significant quality difference.

This article talks about import restrictions to protect the olive oil industry in the United States. They are lobbying the government to put stronger restrictions on olive oil imports so that their internal industry, domestic market, can thrive. They are also accentuating the promotion of their domestic product in the market

This article is interesting as it demonstrates the concept of a quota on an international level as opposed to a domestic level.

This article is about high rice subsidies in Thailand. The subsidies are so high, they are hindering international rice exports.The US is challenging Thailand over its high subsidies, claiming that Thailand is violating regulations put into place by the WTO.

This article focuses on the upcoming challenges and goals of the United Nations climate talks in Doha, Qatar. The talks aim to discuss how to remedy global warming that could lead to a planet up to 6 degrees warmer in the future. To do this, carbon emissions must decrease by about 5% each year. Topics at the talks may include current issues of greenhouse gas pollution and deforestation, especially with improvements of the carbon market. Businesses may soon face strong encouragement to accept these proposals, as climate change begins to result in not only impact on society but also private costs of businesses. These externalities, previously external but becoming increasingly internal, may soon force large business leaders to reconsider their impact on the environment.

The article is talking about the changes in Public goods in different generations.The writer is comparing privatisation and public goods and services.These days, however, the distinction between 'public' and 'private' has become blurred.In Britain, for example, the railways were privatised and an 'internal market' was created within the National Health Service on the grounds that this improved the efficiency of service delivery for 'customers'. There are some circumstances in which it is sensible to privatise, there are many good reasons why wholesale privatisation should be shunned.

China government's power over state companies and how they are monopolizing the Chinese or international market.

The Cuban government will give subsidies to help rebuild the many homes that were damaged by Hurricane Sandy. Building materials will be marked half-price, and for those with low income, subsidies will be provided to cover the entire cost of the materials.

This website is very interesting on not just a world scale, because most people have already heard of the food problems in the world, but as well on a local scale. Meaning the article talks about how the average human is contributing to this growing problem.

This article does a really good job at capturing the chain effect of changes in the world. An example is how they talk about how water shortage affects food shortages. People tend to overlook how much one disaster can cause many others.

I agree full heartedly with what Landon has said, as well as what you have said Miro, in regards to the chain affect of changes as well as the fact that understanding problems on a local scale is important. I know that we in Indiana have really been hit hard by drought this year, and we have seen first-hand how the lack of rainfall hurts everyone. The chain reaction of sorts begins with the farmers, who had a horrible growing season in Indy this year, and thus they passed on the cost to the consumer. We are having to pay noticeably more for all grown products this year, and it really is a testament to the harsh reality that is the chain affect that Landon mentioned, as well as a wake up call to all of us here that economic problems exist everywhere, and just because we live in a well developed place doesn't mean we are safe from them.

This article is interesting due to the fact that it highlights the ideas of supply and demand particularly on an international scale.

Nairobi, Kenya - A new partnership among Kenya Commercial Bank (KCB), the U.S. Agency for International Development (USAID) and General Electric Company (GE) will make $10 million in local financing available to small and medium enterprises in Kenya to develop private health facilities such as small clinics, diagnostic centers and hospitals."This first-of-its-kind transaction was designed in response to the lack of local credit for health facilities in Kenya to purchase much-needed medical and diagnostic imaging equipment. The risk-sharing agreement with USAID will allow KCB to take additional lending risks for clients in the health sector seeking to purchase GE equipment," USAID said in a January 28 press release.

The illegal ivory trade is spurred on because of the high demand for ivory.

This article talks about how Japan is keeping tariffs on bean imports in order to protect the country's crop rotation system. 

Christine Lagarde, the International Monetary Fund Managing Director, warned Kenya that the East African Community Monetary Union "should be the last thing Kenya gets into."